38

17
18
19
16.2
20
21
22

CURRENT LIABILITIES
Trade payables
Other payables
Derivative instruments liabilities
Current portion of long term debt
Bank overdrafts
Short-term debt
Income tax payable

Director

Auditors report to the shareholders

See annexed report of date

Company Secretary

Dhaka, 05 April 2009

The accompanying notes are an integral part of these financial statements

TOTAL EQUITY AND LIABILITIES

16.1
6
15

14

NON-CURRENT LIABILITIES
Long-term debt
Deferred income tax liabilities
Contribution to employee benefits

LIABILITIES
Share capital
Accumulated loss
Foreign currency translation
SHAREHOLDERS' EQUITY- PARENT COMPANY
Share money deposits
EQUITY
12
13
3.3

7
8
9
10
11

CURRENT ASSETS
Inventories
Trade receivables
Advances, deposits & prepayments
Derivative instruments-assets
Cash and cash equivalents

TOTAL ASSETS

4
5
6

NON-CURRENT ASSETS
Property, plant and equipment
Intangible assets
Deferred income tax assets

ASSETS

Managing Director

843,429
594,100
79,691
1,717,614
1,628,004
3,100,862
2,629
7,966,329
17,830,154

6,404,929
32,619
6,437,548

5,806,868
(2,531,916)
150,926
3,425,878
399
3,426,277

1,092,184
703,932
701,645
1,960
69,547
2,569,268
17,830,154

14,961,776
217,343
81,767
15,260,886

Chartered Accountants

1,180,470
606,199
1,117
1,741,992
675,961
3,517,578
1,251
7,724,568
17,291,615

4,705,955
385,137
45,073
5,136,165

5,806,868
(1,536,346)
159,943
4,430,465
417
4,430,882

1,251,579
388,088
665,455
869
87,401
2,393,392
17,291,615

14,672,246
225,977
14,898,223

2008
Taka'000

3.7
31
31

Exchange loss on foreign currency transactions

Finance costs
Finance income
Contribution to Workers' Profit Participation
and Welfare Funds
NET PROFIT BEFORE TAX

33

32

Dhaka, 05 April 2009

Company Secretary

Auditors report to the shareholders

See annexed report of date

Director

The accompanying notes are an integral part of these financial statements

Earnings per share (Taka)

GROUP SHARE
Minority interests

Distribution:

Income tax expenses

NET PROFIT AFTER TAX

27
29
30

General and administrative expenses

Selling and distribution expenses
Other income
OPERATING PROFIT

3.8 (iii)

25
26

Notes
REVENUE
Cost of sales
GROSS PROFIT

For the year ended 31 December 2009

2009
Taka'000

As at 31 December 2009
Notes

Lafarge Surma Cement Limited

Consolidated Income Statement

Lafarge Surma Cement Limited

Consolidated Balance Sheet

Managing Director

176,557
(24)
176,533
3.04

(307,327)
176,533

(49,526)
483,860

(331,782)
(1,224,454)
552

(361,419)
(132,022)
83,759
2,089,070

6,211,938
(3,713,186)
2,498,752

2008
Taka'000

LAFARGE SURMA CEMENT LTD. ANNUAL REPORT 2009

Chartered Accountants

995,604
(43)
995,561
17.15

(466,904)
995,561

(55,254)
1,462,465

(78,200)
(870,906)
78,527

(376,878)
(124,949)
4,611
2,388,298

7,543,725
(4,658,211)
2,885,514

2009
Taka'000

39

40

Director

69,547
87,401
17,854

Cash and cash equivalents at beginning of the year

Cash and cash equivalents at end of the year

Company Secretary

2,254
17,854

Managing Director

29,608
69,547
39,939

39,939

(2,427)

(851,399)

(2,255,827)

Net cash flow for the year

(209,686)
218,169

(952,043)
416,716

(859,882)

(272,481)

(242,609)
(1,720,500)

(266,451)
(10,868)
4,838

552
1,112
1,166,246

5,547,503
(3,196,983)
(1,185,938)

2008
Taka'000

(231,281)
(13,245)
1,917

847
3,708
2,514,036

7,942,749
(4,517,127)
(916,141)

2009
Taka'000

Net effect of foreign currency translation on cash and cash equivalents

Bank overdrafts
Short term debt

Cash flows from financing activities

Long term debt

Cash flows from investing activities

Acquisition of property, plant and equipment
Intangible assets
Disposal of property, plant and equipment

Interest on bank deposits

Other receipts

Cash flows from operating activities

Cash received from customers
Payment for cost and expenses
Interest paid

For the year ended 31 December 2009

Lafarge Surma Cement Limited

Consolidated Cash Flow Statement

2008 (in Taka'000)

2009 (in Taka'000)

Shareholders' Equity
Parent Company
3,253,410
Foreign Currency
Translation
154,946
Minority
Interest
35
Accumulated
Loss
(2,708,439)
Share
Capital
5,806,868
Shareholders' Equity
Parent Company
3,425,878
Foreign Currency
Translation
150,926
Minority
Interest
(34)
Accumulated
Loss
(2,531,882)
Share
Capital
5,806,868

Balance as on 1 January

172,468
(4,020)
(69)
176,557
1,004,587
9,017
(34)
995,604
-

Net profit/(loss) after tax for the year

3,425,878
150,926
(34)
(2,531,882)
5,806,868
4,430,465
159,943
(68)
(1,536,278)
5,806,868

Balance as at 31 December

Managing Director
Director
Company Secretary

For the year ended 31 December 2009

Lafarge Surma Cement Limited

Consolidated Statement of Changes in Shareholders' Equity

LAFARGE SURMA CEMENT LTD. ANNUAL REPORT 2009

41